“Set with a rectangular-cut diamond, weighing approximately 16.21 carats, flanked on either side by a trapeze-cut diamond, each weighing approximately 1.80 carats, mounted in platinum, in a Lorraine Schwartz pink wood case,” the ring’s description on Christies.com noted.

The auction item was also described as the “property of a gentleman” and it stated that a portion of the proceeds would “benefit a charity.”

While the ring was reportedly valued at approximately $2 million when Kris popped the question to Kim back in May 2011, another source tells Access that price is exaggerated and “all conjecture.”

At its current auction price, the ring is worth just slightly more than $10,000 ($10,402.77 per day, to be exact) for every day of Kris and Kim’s failed 72-day marriage.